India's External Affairs Minister S. Jaishankar and Nepal's Foreign Minister Shisir Khanal jointly launched a peer-to-peer cross-border remittance linkage between India's UPI and Nepal's National Payments Interface on June 6, 2026. The launch operationalizes a memorandum of understanding signed in June 2023 between Nepal Clearing House Limited and NPCI International Payments Limited.
The bilateral corridor enables real-time person-to-person fund transfers between Indian and Nepalese bank accounts. Building on UPI's existing merchant payment acceptance in Nepal since 2024, the P2P linkage extends coverage to direct remittance flows between the two countries.
Nepal is the second country after Singapore to achieve payment-system-level bilateral P2P connectivity with UPI. The launch follows Cambodia's activation as the ninth country to accept UPI merchant payments on June 2, 2026.